& First stage: & Reduced form: & 2SLS: \\
& High school GPA & Annual labor income & Annual labor income \\
& & 8 years after the exams & 8 years after the exams \\
& & (log) & (log) \\
\midrule
\multicolumn{4}{l}{\textit{Using a rescaled instrument}} \\
Rescaled $\textrm{GPA\_luck}$&      0.0086***&      0.0023*  &               \\
                    &    (0.0011)   &    (0.0012)   &               \\
High school GPA     &               &               &      0.3091** \\
                    &               &               &    (0.1561)   \\
\midrule
\multicolumn{4}{l}{\textit{Using a non-rescaled instrument}} \\
$\textrm{GPA\_luck}$ &      0.0472***&      0.0098** &               \\
                    &    (0.0029)   &    (0.0048)   &               \\
High school GPA     &               &               &      0.2187** \\
                    &               &               &    (0.1078)   \\
Mean dep. var.      &       0.034   &      12.683   &      12.683   \\
N                   &       67618   &       50290   &       50290   \\
